HILVERSUM, Netherlands, May 26, 2011 /PRNewswire/ --

Yesterday evening in Amsterdam, Blue Billywig, developer and supplier of a platform for the strategic use of online video, has been rewarded with a Red Herring Top 100 Europe Award. These prestigious awards are given annually to the most innovative and promising technology companies in Europe by the eponymous international technology magazine.

Red Herring's editorial staff rigorously evaluated several hundred private companies from across Europe and made a selection of the most innovative ones. Selection of finalists was based upon both quantitative as qualitative criteria, such as technological innovation, financial health, management strength, execution of strategy, dedication to research and development and the integration of products and services in the market.

After being nominated two weeks ago, Blue Billywig presented itself for the final stage of judging in a live presentation last Tuesday. Yesterday evening the judging committee selected Blue Billywig as one of the award winning companies. Jeroen Meeter, CEO of Blue Billywig is very proud indeed: "It's the deserved recognition of our hard work. We are working with a dedicated team of fantastic people to keep our Online Video Platform ahead of the others; development is never ending. This award shows that that effort is appreciated and recognized. And, moreover, that Blue Billywig is good enough to conquer the rest of Europe!"

Red Herring's lists of top private companies are an important part of the publication's tradition of identifying new and innovative technology companies and entrepreneurs: Google, eBay, and Yahoo were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Blue Billywig is developer and supplier of an innovative platform to use online video strategically. Their Video Management System offers many clients, in the Netherlands but also in other countries across Europe, a complete, user friendly and flexible platform, which can easily be integrated with every CMS, company style and advertising system. It offers professional management, publication, analyzing and monetization of online video.

Red Herring unites the world's best high technology innovators and venture investors and business decision-makers in a variety of forums among which a leading innovation magazine. Red Herring features unparalleled insights on the emerging global technologies driving the economy.

Please visit http://www.bluebillywig.com

SOURCE Blue Billywig